Soscredit Loan PH Review: Loans, Terms, Legitimacy, and Application Process [New Update]

In an increasingly interconnected world, access to quick and hassle-free financial services has become a crucial part of daily life. Whether it’s addressing unexpected emergencies or seizing opportunities that require immediate funding, online lending platforms have emerged as valuable resources. Soscredit Loan PH is one such platform that provides financial solutions to individuals in the Philippines. In this extensive review, CashLoanPH will take a deep dive into what Soscredit is all about, the pros and cons of using their services, and provide a step-by-step guide on how to apply for a loan through their platform. By the time you finish reading, you will have a comprehensive understanding of Soscredit and its offerings.

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Summary of Soscredit Loan PH

✅ Review ⭐ Soscredit Loan PH
✅ Guide to Register ⭐Register to Soscredit Philippines (PH)
✅ Loan Amount ⭐ Soscredit provides flexible loan amounts ranging from 1,000 to 25,000 Pesos, catering to various financial needs. Whether you require a small financial boost or a more substantial sum, Soscredit has you covered.
✅ Age ⭐ Soscredit’s eligibility criteria are inclusive, allowing individuals between the ages of 20 to 65 years old to apply for loans. This wide age range ensures accessibility to a broad spectrum of applicants.
✅ Term ⭐ The repayment terms offered by Soscredit span from 3 to 12 months. This flexibility enables borrowers to choose a duration that aligns with their financial situation and ability to repay comfortably.
✅ Interest Rate ⭐ Soscredit offers a unique advantage with a 0% interest rate for your first loan. This interest-free opportunity can significantly benefit first-time borrowers by minimizing the cost of borrowing.
✅ Pros ⭐ Soscredit boasts the convenience of online loan applications and monthly repayment options, making it easier for individuals in the Philippines to manage their finances. This online accessibility enhances the overall borrowing experience.
✅ Cons ⭐ It’s important to note that Soscredit does not guarantee approval for online loans. While the application process is convenient, meeting the approval criteria remains a pivotal factor in securing a loan. Applicants should be prepared for the possibility of rejection.
✅ Evaluate Effectiveness ⭐ Overall, Soscredit’s effectiveness in providing financial solutions is generally good. The combination of flexible loan amounts, inclusive age criteria, and the initial 0% interest rate option makes it a viable choice for many borrowers. However, it’s crucial to keep in mind the non-guaranteed approval aspect.
✅ Bad Credit ⭐ Soscredit does not allow individuals with bad credit to apply for loans. This policy ensures responsible lending practices but may restrict access for those with impaired credit histories.
✅ Feedback ⭐ For more in-depth information and insights, we recommend reading our detailed article, which delves into Soscredit’s features, application process, and borrower experiences. It’s a valuable resource to help you make an informed decision.
✅ Soscredit App Download ⭐ To access Soscredit conveniently on your mobile device, you can download the Soscredit app via the following link: CLICK LINK HERE

What is Soscredit?

Soscredit stands as a financial institution, offering online lending services that do not necessitate the commitment of assets or the presence of guarantors. It opens its doors to newcomers with an initial loan cap of 10,000 pesos. As borrowers make timely repayments, they have the opportunity to unlock increased future borrowing limits, potentially reaching up to 25,000 pesos. The beauty of Soscredit lies in its flexible repayment terms, spanning from 3 to 12 months, accommodating various financial situations.

Pros of Soscredit App

Many clients opt for online borrowing through the Soscredit app, attracted by a host of benefits, which include:

Effortless Online Application

The convenience of applying for a loan without the need for in-person meetings has made Soscredit a favorite among borrowers. With a few clicks, you can initiate the application process from the comfort of your home.

Precision Matchmaking

Soscredit takes pride in efficiently connecting borrowers with suitable loan options tailored to their needs. By evaluating your financial situation and requirements, they match you with loan products that are best suited for your circumstances.

No Collateral or Guarantor

One of the key advantages of Soscredit is the absence of requirements for valuable collateral or a co-signer. This eases the burden on borrowers who may not have these assets to secure a loan.

Swift Approval and Disbursement

If you’re in urgent need of funds, Soscredit has you covered. They boast expedited loan approval and funds disbursement, with the entire process taking as little as 15 minutes. This quick turnaround time can be a lifesaver during financial emergencies.

New Customer Incentives

Soscredit extends a warm welcome to new customers by offering the perks of zero-interest and fee-free loans for the first 62 days. This offer provides a cushion for individuals who are just starting their journey with Soscredit.

Partial or Full Withdrawal

Soscredit offers the flexibility to withdraw a portion or the entirety of the approved loan amount, with funds conveniently transferred via bank transfer. This level of control over your borrowed funds can be invaluable for managing your finances effectively.

Diverse Payment Methods

Soscredit understands that borrowers have different preferences when it comes to making payments. They provide a wide range of payment options, allowing you to choose the method that suits you best.

Access to Additional Loans

Life can be unpredictable, and financial needs can arise unexpectedly. Soscredit recognizes this and offers borrowers the opportunity to apply for supplementary loans when needed. This feature can be a safety net for individuals facing unforeseen expenses.

Cons of Soscredit Loan App

Cons of Soscredit Loan App

While Soscredit offers a range of advantages, it’s essential to be aware of the potential drawbacks before deciding to submit your loan application:

Modest Loan Ceiling

Soscredit’s loan ceiling is relatively modest, making it most appropriate for individuals seeking expedited financial solutions for pressing matters, rather than accommodating substantial borrowing requirements. If you require a substantial loan amount, Soscredit might not be the best fit.

Shorter Repayment Period

The loan’s repayment period is more abbreviated in comparison to conventional bank loan offerings. While this shorter term can be beneficial for those looking to pay off their loans quickly, it might not suit borrowers who prefer longer-term loans with smaller monthly payments.

Elevated Interest Rates

Soscredit loan structures entail relatively elevated interest rates, accompanied by supplementary service fees. These rates might be higher than what you’d find with traditional lenders or banks. Therefore, it’s crucial to evaluate the total cost of borrowing and determine whether it aligns with your financial capacity.

Soscredit Loan Interest Rate

New customers applying for Soscredit loans will be exempt from interest and service fees for the initial 62 days. However, it’s essential to understand how the interest rate works for subsequent loans. If paid on time and reliably, borrowers will be approved for subsequent loans with an annual percentage APR (total loan expenditure on the total loan amount) that falls within the range of 143% to 180%. It’s important to note that this rate can vary based on your financial situation and repayment history.

Example of Soscredit Loan Interest Rate Calculation

When considering a loan through the Soscredit app, it’s vital to have a clear understanding of how the interest rate is calculated. Let’s take an example to illustrate:

Suppose you borrow 20,000 pesos with a 6-month repayment period and an annual percentage rate (APR) of 143%. Here’s how the monthly breakdown would look:

  • The principal amount due is calculated as 20,000 / 6, resulting in 3,333.33 pesos.
  • The monthly interest obligation can be determined by multiplying the principal amount (20,000) by the APR (143%) and dividing by 12, yielding 2,383.33 pesos.
  • Consequently, the total monthly repayment obligation adds up to 5,716.66 pesos.

This example demonstrates the importance of understanding the cost structure associated with Soscredit loans. While they offer quick access to funds, borrowers need to manage their finances effectively to meet their repayment obligations.

Soscredit Loan PH Requirements

Obtaining a Soscredit review loan is a straightforward process with clear criteria and steps to follow:


To initiate an online loan application with Soscredit, you must meet specific eligibility criteria. These include being a Filipino citizen within the age range of 20 to 70, having the means to meet payment obligations, and holding an active bank account with a recognized Philippine credit institution. Meeting these requirements is crucial for a successful loan application.

Application Process

The application process itself is designed to be user-friendly. Simply complete the application form, providing the necessary information and documentation. Once you’ve submitted your application, you’ll need to be patient as you await Soscredit PH’s approval decision. This decision will be communicated to you through either a text message or an email notification. It’s essential to ensure that you provide accurate information and adhere to their terms and conditions to maximize your chances of approval.

Guide to Register Soscredit Loan PH Application Step-by-Step

How to Apply Soscredit Loan PH Application?

Securing a loan through Soscredit is a straightforward process, broken down into these easy-to-follow steps:

Step 1: Navigate to Soscredit’s Website

Start by visiting the Soscredit homepage, which is accessible through this SOSCREDIT LOAN. Once you’re on their website, you can select the desired loan amount. The choice of your loan amount should align with your financial needs and repayment capacity.

Step 2: Provide Your Email

To initiate the loan application process, you’ll be asked to share your personal email. Make sure to review and agree to Soscredit’s loan application terms and conditions. It’s crucial to read these terms carefully and ensure that you understand the obligations and responsibilities associated with borrowing from Soscredit.

Step 3: Email Verification

After providing your email, keep an eye on your inbox for an email from Soscredit. This email will contain important information regarding your loan application. To move forward with the process, you’ll need to verify your email. Simply click the “verify email” button within the email to receive a tailored loan proposal that suits your needs. This proposal will outline the terms and conditions of your loan, including the loan amount, interest rate, and repayment schedule. Review these details thoroughly to ensure they align with your financial goals and budget.

By following these simple steps, you can initiate your loan application with Soscredit and be well on your way to accessing the financial assistance you need.

Reviews Soscredit PH Online Loan App Feedback

The real measure of an online lending platform’s effectiveness lies in the experiences and feedback of its customers. Here, we provide a glimpse into the feedback that Soscredit has received from its valued borrowers. These testimonials showcase the real impact that Soscredit has on people’s lives.

Customer Testimonial 1:

“Soscredit has been a lifesaver for me. When I needed quick funds to cover unexpected medical expenses, I turned to Soscredit, and they didn’t disappoint. The application process was a breeze, and I had the money in my account within minutes. Their flexible repayment options made it easy for me to manage the loan. I couldn’t be happier with their service.”

Customer Testimonial 2:

“I was skeptical about online lending platforms at first, but Soscredit changed my perception. Their customer service is top-notch, and they guided me through every step of the application process. The quick approval and disbursement of funds were a pleasant surprise. I highly recommend Soscredit to anyone in need of fast and reliable financial assistance.”

Customer Testimonial 3:

“As a freelancer, I often face irregular income flows, and this can be challenging when unexpected expenses arise. Soscredit has been a dependable partner in managing my finances. Their app is easy to use, and their interest rates are competitive. Thanks to Soscredit, I’ve been able to handle emergencies and maintain my financial stability.”

These testimonials reflect the positive experiences that borrowers have had with Soscredit. It’s evident that the platform has made a meaningful difference in the lives of many individuals in the Philippines. These real-world experiences are a testament to the platform’s commitment to providing efficient and reliable financial solutions.

Soscredit Loan Repayment

Effective loan repayment is a critical aspect of any borrowing experience. Soscredit understands this and offers a variety of convenient payment options for borrowers. These options are designed to cater to diverse preferences and make the repayment process as smooth as possible. Here are some of the methods you can use to repay your Soscredit loan:

Making Payments at Bill Payment Centers

Soscredit has partnered with a network of bill payment centers, including well-known establishments like 7-Eleven convenience stores, Robinsons big malls, SM Payment centers, Cebuana Lhuillier pawnshops, and Bayad center bills payment locations. These centers provide a convenient way to make your loan payments in person, allowing you to settle your obligations swiftly and efficiently.

Utilizing Online Banking Applications

If you prefer the convenience of digital transactions, you can make your Soscredit loan payments through online banking applications. Many popular banks in the Philippines offer mobile apps that enable you to manage your finances, including loan repayments. This method is ideal for those who prefer the flexibility and security of digital transactions.

Using Bills Payment Mobile Apps

Soscredit also supports various bills payment mobile apps that allow you to complete your loan repayments. Some of the popular mobile apps that are compatible with Soscredit include Meralco, Bayad center, CLiQQ, and Moneygment. These apps are user-friendly and offer a quick way to settle your financial obligations.

Completing Payments via ATM or Credit Card

Another option for borrowers is to make payments through ATMs or credit cards. These methods provide a level of convenience and flexibility, as you can initiate payments at any time and from various locations. The availability of this option ensures that borrowers can choose the method that aligns with their financial habits.

Opting for E-Wallets

E-wallets have gained popularity in the Philippines as a convenient and secure way to manage financial transactions. Soscredit acknowledges this trend and allows borrowers to make payments using e-wallets like GCash, PayMaya,, and ECPay. The use of e-wallets provides added flexibility and accessibility for loan repayment.

Soscredit’s commitment to providing multiple repayment options reflects its dedication to making the borrowing experience as convenient and accessible as possible. Borrowers can choose the method that best suits their financial habits and preferences, ensuring that loan repayments are a seamless part of their financial journey.

Compare Soscredit Loan App Philippines with Other Loan Apps

When considering an online lending platform, it’s valuable to compare it with other options available in the market. This comparison helps you make an informed decision about which platform aligns with your financial needs. Below, we compare Soscredit with other loan apps in the Philippines based on several key criteria:

Comparative Criteria:


  • Limits: 1000 – 25,000 pesos
  • Tenor: 3 – 12 months
  • Interest: 12%/month
  • Age: 20 – 70 years old
  • Browsing Time: 15 minutes
  • Rating Review: 8/10

Digido App:

  • Limits: 500 – 30,000 pesos
  • Tenor: 3 – 6 months
  • Interest: 0.4%/day
  • Age: 21 – 70 years old
  • Browsing Time: 5 minutes
  • Rating Review: 8/10


  • Limits: 1000 – 50,000 pesos
  • Tenor: 2 – 6 months
  • Interest: 0% – 16%/month
  • Age: Over 18 years old
  • Browsing Time: 15 minutes
  • Rating Review: 9/10

This comparison provides a snapshot of the key features of Soscredit and how it stacks up against other loan apps in the Philippines. It’s essential to evaluate these features in the context of your financial requirements and preferences to determine which platform best suits your needs.

Soscredit PH Customer Service

For any concerns or complaints related to Soscredit Philippines, it’s reassuring to know that they provide avenues for communication and support. Effective customer service is an essential component of any lending platform, and Soscredit is no exception. Here are the channels through which you can reach out to Soscredit for assistance:

  • Email: [email protected]
  • Hotline: 0999481923
  • Physical Address: Liela iela 9, Saldus, Latvia, LV-3801

Soscredit’s commitment to transparency and accessibility is evident in the provision of these contact options. Whether you have inquiries, require assistance, or need to address any concerns, these channels are designed to provide timely and effective responses. The inclusion of a physical address demonstrates Soscredit’s commitment to accountability and open communication.

FAQs – Soscredit Loan PH Reviews

FAQs – Soscredit Loan PH Reviews

Here are some answers to common inquiries about Soscredit:

Is Soscredit PH a Legitimate Service?

Soscredit was established in 2017 and operates in several countries, including the Philippines, Vietnam, Russia, Mexico, Poland, and the Czech Republic. In the Philippines, while Soscredit does not possess an SEC certificate, it functions as an intermediary lender connecting borrowers with reputable lending partners. It processes information swiftly and disburses funds within 15 minutes. Soscredit’s legitimacy is rooted in its operational transparency and adherence to relevant regulations.

How Can I Make Payments to Soscredit?

You have various options for repaying your Soscredit loan:

  • Visit bill payment centers like 7-Eleven convenience stores, Robinsons big malls, SM Payment centers, Cebuana Lhuillier pawnshops, or Bayad center bills payment locations.
  • Utilize online banking applications for hassle-free transactions.
  • Use bills payment mobile apps such as Meralco, Bayad center, CLiQQ, or Moneygment.
  • Make payments through ATMs or credit cards.
  • Opt for e-wallets like GCash, PayMaya,, or ECPay to complete your payment transactions.

The availability of multiple payment options ensures that borrowers can choose the method that aligns with their preferences and lifestyle.

Conclusion – Should You Apply to Soscredit Loan PH?

Soscredit Loan PH offers round-the-clock digital financial assistance, accessible from anywhere and at any time. Those seeking financial aid can easily secure loans tailored to their needs, with a maximum limit of 25,000 pesos and the freedom to choose flexible repayment terms spanning from 3 to 12 months. This level of flexibility accommodates a wide range of financial situations and ensures that borrowers can align their loan with their specific needs and budget.


Soscredit has garnered positive feedback from its customers, reflecting its effectiveness in addressing financial emergencies and providing reliable support. The convenience of the Soscredit app, coupled with swift loan approval and disbursement, sets it apart as a viable solution for those in need of quick financial assistance.

If you’ve found our services beneficial, we encourage you to provide us with a 5-star rating. Your feedback is valuable and helps us continue to improve our services. Should you have any inquiries about Soscredit or financial matters in general, please feel free to drop a comment, and we will endeavor to provide you with prompt responses.

In the world of online lending, Soscredit stands as a reliable partner in addressing financial needs, providing valuable support to individuals across the Philippines. With a commitment to efficiency, flexibility, and accessibility, Soscredit has established itself as a go-to solution for those in search of hassle-free financial assistance.

Source: Soscredit.PH

5/5 - (8 votes)

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